Coronavirus Insights: US Cannabis Industry Sees Sales Spike, Supply Chain Disruptions and Launch of CBD Sanitizers

What's Inside

We have seen panic buying take hold across a number of markets in the US in the midst of the ongoing coronavirus crisis, as consumers rush to stockpile products in the face of prolonged lockdowns. This same trend is true in the cannabis and CBD industries, which has significantly affected sales of cannabis in the US. We discuss recent sales data and explore other ways in which the pandemic has impacted these industries, considering the following:

• Online Delivery and Curbside Pickup Services
• The designation of cannabis businesses as “essential” services
• Supply chain disruptions, particularly for vape hardware components from China
• New product launches of CBD-infused hand sanitizer
• The cancellation and postponement of cannabis and CBD-related events.

Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak.